Goldman Sachs Group set a €310.00 ($360.47) target price on adidas (FRA:ADS) in a research report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also issued reports about the stock. Warburg Research set a €250.00 ($290.70) price objective on shares of adidas and gave the company a neutral rating in a research note on Wednesday, September 25th. Credit Suisse Group set a €270.00 ($313.95) price objective on shares of adidas and gave the company a neutral rating in a research note on Tuesday. Morgan Stanley reiterated a sell rating on shares of adidas in a report on Monday, September 16th. Independent Research set a €290.00 ($337.21) target price on shares of adidas and gave the company a neutral rating in a report on Thursday, August 8th. Finally, Commerzbank set a €300.00 ($348.84) target price on shares of adidas and gave the company a buy rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of €268.67 ($312.40).
Shares of adidas stock traded down €0.65 ($0.76) during trading hours on Thursday, reaching €281.35 ($327.15). The company’s stock had a trading volume of 624,981 shares. adidas has a one year low of €163.65 ($190.29) and a one year high of €201.01 ($233.73). The stock’s fifty day simple moving average is €275.08 and its two-hundred day simple moving average is €262.01.
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
Read More: Asset Allocation
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.